Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of traditional Chinese medicine (TCM) hospitals has accelerated in recent years. In 2013, revenue for this industry is expected to increase to $29.6 billion, up 12.8% from 2012 and representing annualized growth of 18.1% from 2008.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is expected to rise from 0.9% in 2007 to an estimated 5.1% in 2013. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 2,930 traditional Chinese medicine hospitals in China, with 196 beds each on average.... purchase to read more
Industry Report - Industry Products Chapter
Medicine sales are the greatest source of revenue for traditional Chinese medicine (TCM) hospitals, contributing an estimated share of 55% in 2013. Compared with other hospitals, medicine sales account for an even higher proportion for traditional Chinese medicine hospitals. The rising price of some traditional Chinese medicine materials in recent years helped drive revenue growth in recent years. Price controls have been a great challenge for the government and one of the important issues for reform in the healthcare system... purchase to read more